Qualified Transportation Plans and Public Transportation
Many entrepreneurs and their employees use public transportation to get from point a to point b. If you or your employees travel for business related purposes using public transportation the cost of your trips may be fully deductible. Additionally, business owners can deduct certain tax exempt public transportation benefits provided to employees for travel to and from work that would ordinarily not be deductible. Regardless of the type of travel (business or commuting), if you meet IRS requirements the cost of public transportation can be included on your Schedule C and potentially generate additional payroll tax savings for you and your employees.